During 2022, Sage Hill Corp. entered into the following transactions. 1. Borrowed $52,800 by issuing a...

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During 2022, Sage Hill Corp. entered into the following transactions. 1. Borrowed $52,800 by issuing a note. 2. Paid $7,920 cash dividend to stockholders. 3. Received $11,440 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,728. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Supplies 52800 $ + Accounts Receivable 0 $ 0 0 0 -11440 Notes Payable 0 $ Accounts Payable + 0 $ 0 0 0 0 0 2728 2728 52800 i 0 0 + Common Stock $ 0 $ i 2728 0 Revenues Stockholders' Equity Retained Earnings Expenses -7920 $ 11440 i 0 -2728 0 -2728 i During 2022, Sage Hill Corp. entered into the following transactions. 1. Borrowed $52,800 by issuing a note. 2. Paid $7,920 cash dividend to stockholders. 3. Received $11,440 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,728. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Supplies 52800 $ + Accounts Receivable 0 $ 0 0 0 -11440 Notes Payable 0 $ Accounts Payable + 0 $ 0 0 0 0 0 2728 2728 52800 i 0 0 + Common Stock $ 0 $ i 2728 0 Revenues Stockholders' Equity Retained Earnings Expenses -7920 $ 11440 i 0 -2728 0 -2728 i